Tags: ZeroHedge

Why The Mexican Currency Intervention Failed: Goldman Explains

Following the MXN rough start of the year, which saw the Mexican currency tumble to its lowest level ever, the central bank stepped into the FX market this morning by selling about $1 billion USD spot, hoping to break the destabilizing MXN relentless depreciation trend. According to the central bank market operations manager, the authorities…

America’s Supposed “Enemies” Are Literally Disappearing…But They Won’t Likely Gently Fade Away

China, Russia, and Iran seem to be the most frequently mentioned state level "enemies" of America (not my view but that of the federal government). This article offers a different reason why these nations likely fear America, why America may need to fear them, and why they may band together in WWIII… all in under five minutes. To…

Did Snapchat Fake Growth Numbers To Boost Its IPO Value? This Ex-Employee Seems To Think So

According to a lawsuit filed in L.A. Superior Court by former employee Anthony Pompliano, Snapchat has been faking its growth numbers in order to boost its value in an upcoming IPO.  Pompliano, Snapchat's "growth lead", says he was hired away from his position at Facebook to provide confidential and proprietary information about Facebook's systems and…

Fed’s Williams: Get Used to Sub 2% GDP Growth, Meaningless Fiscal Stimulus and Higher Interest Rates

In a CNBC interview today with San Fransicko's Fed Williams, we heard several things that have been repeated ad nauseam by the establishment elite. Get used to very weak GDP growth — thanks to lack of investment and productivity. Trump's fiscal stimulus, although inspirational, won't move the needle all that much.  We're at full employment, despite the…

Looting, Riots In Mexico Spiral Out Of Control Over 20% Gas Hike; Hundreds Arrested

Four days after the first sporadic protests emerged in Mexico City, following the infamous "gasolinazo", or mandatory 15%-20% increase in Mexican gas prices which went into effect on January 1, the mood across the country has significantly deteriorated, with hundreds of demonstrators blocking highways, snarling traffic, raiding gas stations, jeopardizing critical supplies, and looting stores…